1404 Rockaway PkwyBrooklyn, NY 11236

For Sale
$5,800,000

16,000 SF Vacant Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional 16,000 square foot, single-story retail building is available for sale in Brooklyn's Canarsie neighborhood. Located on a high-traffic block with ample parking across the street, this property boasts a prime location near the Canarsie-Rockaway Parkway subway station (L train) and numerous bus lines. The building is currently vacant and offers significant potential for a variety of retail uses. Surrounded by established national tenants including Dunkin', McDonald's, Chase Bank, and many others, this property benefits from strong foot and car traffic. The building features a full basement, adding to its versatility. The lot dimensions are 75 x 106 feet, and the property is zoned R5-D/C1-3. This presents a unique opportunity to acquire a substantial retail space in a thriving Brooklyn community. The property's current capitalization rate is 8.5%, based on a previous lease of $50,000 per month triple net. The building's ground floor encompasses 8,000 square feet, with an additional 8,000 square feet in the lower level. This presents a rare opportunity to own a significant retail asset in a high-demand area.

Highlights

  • Single-story retail building for sale.
  • Single-tenant occupancy.
  • High-traffic location with strong pedestrian and vehicular counts.
  • Abundant parking available via municipal lot across the street.
  • Excellent location amongst national retailers.
  • Vacant possession available.

Property Details for 1404 Rockaway Pkwy

Property type
Other retail properties, Retail properties
Square Feet
16,000 SF
Stories
1
Units
1

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6455111
Longitude
-73.9031434
1404 Rockaway Pkwy, Brooklyn, New York

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1404 Rockaway Pkwy
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